Coherence Capital Partners LLC (New York)

Name: Coherence Capital Partners LLC
Address: 515 Madison Avenue, New York, NY, 10022
Telephone: 646-569-6740

Coherence Capital Partners LLC is a large advisory firm based in New York. It manages $273.41 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2012.

Coherence Capital Partners provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Coherence Capital Partners: assets under management

The assets under management (AUM) of Coherence Capital Partners LLC is $273.41 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -9% since the beginning of its operation, and $191 million of the total AUM is attributable to clients outside of the United States.

The firm manages $273.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $39.06 million each.

Coherence Capital Partners has custody of $76 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 48% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 32% of the firm’s portfolio. Investments in government bonds form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Coherence Capital Partners LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Vincent Nathan Mistretta serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Vincent Nathan Mistretta is pooled investment vehicles with 3 clients and $191.37 million of assets under management. Among the 12 most similar advisory firms, Coherence Capital Partners has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $209.79 million for 5 clients. 29% of the firm’s clients are foreign persons or businesses.

Coherence Capital Partners also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Coherence Capital Partners LLC

The company employs 11 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Vincent Nathan Mistretta has been acting as President since 1 Jan 2012. Robert Ronald Del Grande joined the executive team most recently as the Chief Compliance Officer Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Salvatore Naro	Chief executive officer, owner	1 Jan 2012	50% - 75%	1109601
Vincent Nathan Mistretta	President	1 Jan 2012	Other	1608813
Robert Ronald Del Grande	Chief financial officer	1 Jan 2012	Other	5049661
Gregory Matthew Mackay	Chief operating officer	1 Jan 2012	Other	4215657
David Edward Mcclean	Chief compliance officer	1 Mar 2012	Other	1211045
Philipp Daniel Levy	Member	1 Nov 2012	Other	2700126
John Frank Lovisolo	Chief risk officer, chief operating officer	1 Jan 2015	Other	2269321
Michael F Cannon	Member	1 Jun 2015	Other	2959459
Michael Francis Cannon	Member	1 Jun 2015	Other	2959459
Robert Ronald Del Grande	Chief compliance officer - chief financial officer	1 Jan 2016	Other	5049661
Robert Ronald Del Grande	Chief compliance officer - chief financial officer	1 Dec 2016	Other	5049661

Based in New York

The principal office where Coherence Capital Partners LLC performs its advisory services is located at 515 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-569-6740 or by fax 646-569-6779. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at coherencecap.com/.